Suntech and solarhybrid Announce Strategic Partnership

SCHAFFHAUSEN, Switzerland, May 26, 2011 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of solar panels, and solarhybrid AG (ISIN:DE000A0LR456), a leading solar project developer, announced a strategic partnership for the supply of up to 190MW of solar panels to solarhybrid in 2011.

Under the terms outlined in the agreement, Suntech will become solarhybrid's key partner and will supply solar panels for the majority of solarhybrid's German project pipeline in 2011. Five solar power plants, which solarhybrid is developing in Germany, will be equipped with 172MW of Suntech solar panels. Two additional projects that solarhybrid is currently developing in Italy (10MW) and Slovakia (6MW) will also be powered by Suntech solar panels.

The strategic partnership builds on Suntech and solarhybrid's collaboration on the 24.2 MW Finow Tower I project in Germany in 2010.

"As the world's largest producer of solar panels, Suntech is a strong partner and we already have an established track record of fruitful collaboration," explained Tom Schroeder, CEO of solarhybrid AG. "For successful international solar projects we need reliable partners who can deliver high efficiency solar panels, and industry leading warranty and performance – in a word, we need 'bankability'. Suntech delivers all of these elements and that's why we're pleased to expand our relationship."

Vedat Guergeli, Vice President of Sales & Marketing of Suntech Europe said, "We are very pleased to develop even closer cooperation with solarhybrid. That this well-established and successful project developer trusts Suntech modules validates our strategy of focusing on product reliability and superior customer support."

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 15,000,000 photovoltaic panels to thousands of customers in more than eighty countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech's mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.

For more information about our people and products visit:http://www.suntech-power.com

About solarhybrid AG

solarhybrid AG is a leading provider of comprehensive technical and financial solutions for large solar power plants (photovoltaics). The Company also offers innovative solar thermal solutions. solarhybrid has a mid-double digit MW portfolio of international solar power plants that have been developed or are in the process of development. Project financing and project marketing is carried out by solarhybrid Capital Management GmbH, a 100% owned subsidiary. In addition, solarhybrid provides technical and commercial management of solar power plants. solarhybrid also offers innovative solar thermal solutions for efficient heat supply based on patent-protected technology. In Germany, solarhybrid supplies integrated and sustainable heating systems for buildings.

solarhybrid has multiple offices in Hamburg (technical / finance), Frankfurt (solarhybrid Capital Management), Brilon (administration) and Markranstädt, Leipzig (solar thermal). solarhybrid AG shares trade on the open market of the Frankfurt Stock Exchange. More information on the solarhybrid AG can be found online at www.solarhybrid.ag.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements, and includes the actual and expected delivery of the 190MW of modules in 2011, the size and output of Solarhybrid's projects and expected usage of Suntech's panels by Solarhybrid. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

SOURCE Suntech Power Holdings Co., Ltd.